Guess who emerges out of the government aristocrats as the eloquent voice of government intervention in our markets and champion of President Obama’s policies? Ben Bernanke. I bet the accomplice press continues to call him a free marketer. Interesting that Greenspan regretted his interview because he made some inadvertent news. This tells us the dictators of our money supply know they should keep a low profile so the people don’t realize the extremely destructive power they wield. Bernanke’s interview with 60 Minutes.
President Barack Obama’s economic team finally found its voice – and it belongs to Federal Reserve Chairman Ben S. Bernanke.
Bernanke’s March 15 appearance on CBS Corp.’s “60 Minutes” – the first televised interview by a Fed chief since 1987 – gained praise from experts who drew a contrast between his defense of government efforts to fix the financial system and the sometimes-floundering efforts of Obama’s top economic aides to explain to the public what they were doing, and why.
“I have been waiting for months for someone in authority to give a straight-talk speech to the American people about how we got into this mess and how we’re going to get out of it,” said Alan Blinder, a former Fed vice chairman who is now a professor at Princeton University in New Jersey.
“Maybe the Fed chairman is not the most natural choice, but someone had to do it,” he said.